本报讯 （记者冷翠华）10月25日，平安健康保险股份有限公司（以下简称"平安健康险"）在北京发布"平安乐健康"品牌， 重磅宣布"平安健康保险"客户端迭代升级为"平安乐健康"客户端。这标志着平安健康险在"健康保险+医健服务"融合发展领域又 迈出关键一步，不仅全面创新推出健康保险服务新体系，还将打造一个专业级的"健康生活方式数字化平台"。 平安健康险党委书记、董事长朱友刚表示，平安健康险坚定贯彻"健康中国"战略和国家金融监督管理总局政策精神，升级 发布"平安乐健康"客户端，旨在让每一次运动、每一次就医、每一次理赔都能沉淀为客户可增值的健康资产。同时，此举也是 平安健康险践行平安集团"三省"理念的生动实践，未来将持续为客户创造"省心、省时、又省钱"的健康美好生活。 9月底，国家金融监督管理总局发布的《关于推动健康保险高质量发展的指导意见》明确提出，推动健康保险与健康管理 融合发展。构建"事前预防、事中管理、事后保障"相结合的新型健康服务保障体系。 平安健康险积极响应政策精神，基于"健康保险+医健服务"双轮驱动的经营战略，构建以"平安乐健康"为核心的健康保险 服务新体系，切实提升保险中的专业健康管理服务，助力保险高质 ...

Investment Rating - The report maintains a positive outlook on the non-bank financial sector, particularly highlighting the rebound opportunities in the brokerage segment [2][3]. Core Insights - The report emphasizes the strong performance of major brokerages such as CITIC Securities and Dongfang Wealth, with significant profit growth in Q3 2025, indicating a robust recovery in the brokerage sector [3]. - The insurance sector is expected to benefit from the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan," focusing on high-quality development and risk management [3]. - The report identifies three main investment themes in the brokerage sector: strong head institutions benefiting from competitive landscape optimization, brokerages with high earnings elasticity, and firms with strong international business capabilities [3]. Summary by Sections Market Review - The Shanghai Composite Index closed at 4,660.68 with a weekly change of +3.24%, while the non-bank index closed at 2,017.91 with a change of +2.02% [6]. - The brokerage, insurance, and diversified financial indices reported changes of +2.05%, +1.85%, and +2.46% respectively [6]. Non-Bank Financial Data - As of October 24, 2025, the average daily trading volume in the stock market was 20,966.76 billion, reflecting a decrease of 29.04% compared to the previous month [15][50]. - The margin trading balance reached 24,510.45 billion, an increase of 31.5% from the end of 2024 [15][47]. Key Company Announcements - China Life Insurance expects a net profit increase of approximately 50% to 70% year-on-year for the first three quarters of 2025, driven by effective investment strategies and market recovery [37][38]. - Dongfang Wealth reported a net profit of 9.1 billion for the first nine months of 2025, marking a 51% year-on-year increase [3]. Investment Recommendations - The report recommends investing in leading brokerages such as Guangfa Securities, Guotai Junan, and CITIC Securities, as well as insurance companies like China Life and China Pacific Insurance, due to their strong fundamentals and market positioning [3].

Core Viewpoint - Ping An Health Insurance has launched the upgraded "Ping An Le Health" brand, marking a significant step in the integration of health insurance and medical services, and aims to create a digital platform for health management [1][4][11] Group 1: Brand Upgrade and New System - The "Ping An Le Health" brand upgrade introduces a new health insurance service system that combines health insurance with medical services [1][4] - The upgraded client app will serve as a digital platform for health management, allowing customers to manage their health assets effectively [6][7] Group 2: Strategic Alignment with National Policies - The upgrade aligns with the national strategy of "Healthy China" and the recent guidelines from the National Financial Regulatory Administration aimed at promoting high-quality development in the health insurance sector [4][11] - Ping An Health Insurance is committed to implementing the "three savings" philosophy, focusing on creating a hassle-free, time-efficient, and cost-effective health experience for customers [3][11] Group 3: Service Offerings - The new health insurance service system includes four key services: Active Living, Quality Medical Care, Digital Healing, and Long-term Protection, addressing various customer needs [6][11] - The digital platform will quantify health behaviors into valuable health assets, creating a closed-loop system that encourages family health management [7][11] Group 4: Social Responsibility and Community Engagement - Ping An Health Insurance is launching a series of health marketing activities to promote public health awareness and support the "Healthy China" initiative [8][10] - The company aims to leverage its resources to conduct various health activities, enhancing public health literacy and engagement [8][11]

Regulatory Dynamics - The People's Bank of China maintains the 1-year and 5-year Loan Prime Rate (LPR) at 3.0% and 3.5% respectively, unchanged for five consecutive months since May [5] - The National Healthcare Security Administration reports that 25 provinces will implement direct payment of maternity allowances to individuals, covering nearly 90% of coordinated areas [6] - The Ministry of Health aims to increase the average life expectancy in China from 79 to around 80 years within five years [8] - The Financial Regulatory Bureau emphasizes the role of artificial intelligence in enhancing the core competitiveness of insurance institutions [9] Company Dynamics - China Life Insurance expects a year-on-year increase of 50% to 70% in net profit for the first three quarters [27] - China Ping An has completed the repurchase and cancellation of shares, aiming to enhance shareholder returns [28] - Zhong Postal Life has increased its registered capital to approximately 32.64 billion RMB [21] - AIA Group has received an increase in shares from JPMorgan Chase, totaling 768,100 shares [23] Industry Dynamics - Multiple insurance companies report significant profit increases in their third-quarter results, with growth rates between 40% and 70% [40] - Insurance Asset-Backed Securities (ABS) have become a popular investment choice, with nearly 100 billion in scale during the third quarter [43] - The overall dividend realization rate for insurance products has improved, with many companies reporting rates exceeding 100% [46] - A total of 2,565 insurance branch offices have exited the market this year, reflecting a trend of consolidation in the industry [48] Personnel Changes - Zhou Mingqiang has been approved as the Deputy General Manager of Everbright Yongming [32] - Chen Ping has been appointed as the Deputy General Manager of Ruizhong Life Insurance [33] - Zhao Peng has been approved as the financial responsible person for China Insurance [34]

平安银行 2025 年第三季度经营情况亦可参阅本公司在上海证券交易所网站 （www.sse.com.cn）披露的《平安银行 2025 年第三季度报告》。 特此公告。 中国平安保险（集团）股份有限公司董事会 2025 年 10 月 24 日 中国平安保险（集团）股份有限公司 关于披露平安银行 2025 年第三季度报告的公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）董事会及全体董事 保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性承担法律责任。 本公司控股子公司平安银行股份有限公司（以下简称"平安银行"）在深圳 证券交易所网站（www.szse.cn）公布了《平安银行 2025 年第三季度报告》。 证券代码：601318 证券简称：中国平安 公告编号：临 2025-042 ...

2025 年 9 月末，该行资产总额 57,667.64 亿元，其中发放贷款和垫款本金总额 34,177.53 亿元，较上年 末增长 1.3%;企业贷款余额较上年末增长 5.1%，该行持续加大实体经济支持力度，科技企业、绿色金融 等领域贷款实现较好增长;个人贷款余额较上年末下降 2.1%，抵押类贷款占个人贷款的比例为 63.6%， 该行持续优化零售资产组合策略，提升优质客户占比，促进"量、价、险"平衡发展。 智通财经APP讯，中国平安(02318)公布平安银行 2025 年前三季度业绩，实现营业收入 1,006.68 亿元， 同比下降 9.8%。实现净利润 383.39 亿元，同比下降 3.5%。2025 年 9 月末，不良贷款率 1.05%，较上年 末下降 0.01 个百分点;逾期 60 天以上贷款偏离度及逾期 90 天以上贷款偏离度分别为 0.77 和 0.66;拨备 覆盖率 229.60%，风险抵补能力保持良好。 2025 年 9 月末，该行负债总额 52,488.34 亿元，其中吸收存款本金余额 35,549.55 亿元，较上年末增长 0.6%。该行加强低成本存款的吸收，并敏捷调控存款和同业负债的吸收 ...

本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09和13.10B條而 作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 茲載列中國平安保險（集團）股份有限公司在上海證券交易所網站刊登的「中國 平安保險（集團）股份有限公司關於披露平安銀行2025年第三季度報告的公告」， 僅供參閱。 承董事會命 盛瑞生 公司秘書 中國深圳，2025年10月24日 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執行 董事為謝吉人、楊小平、何建鋒及蔡潯；獨立非執行董事為吳港平、金李、王廣謙、洪 小源、宋獻中及陳曉峰。 证券代码：601318 证券简称：中国平安 公告编号：临 2025-042 中国平安保险（集团）股份有限公司 关于披露平安银行 2025 年第三季度报告的公告 中国平安保险（集团）股份有限公司（以下简称"本公司"）董事会及全体董事 保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 ...

Core Viewpoint - China Ping An's stock performance shows a slight increase of 0.14% with a trading volume of 3.24 billion yuan and a market capitalization of 1,048.07 billion yuan [1] Dividend Analysis - The dividend yields for China Ping An over the past three years are 5.15%, 6.03%, and 4.84% [2] - The company has distributed a total of 391.90 billion yuan in dividends since its A-share listing, with 134.54 billion yuan distributed in the last three years [7] Shareholder Structure - The top ten circulating shareholders include Central Huijin Asset Management Co., Ltd. and China Securities Finance Corporation [2] - As of June 30, 2025, the number of shareholders is 720,900, a decrease of 9.74% from the previous period [6] Business Overview - China Ping An, established on March 21, 1988, offers diversified financial services including insurance, banking, securities, and trust [6] - The revenue composition is as follows: life and health insurance 45.76%, property insurance 34.46%, banking 13.87%, asset management 5.27%, and financial empowerment 3.85% [6] Financial Performance - For the first half of 2025, China Ping An reported a net profit of 68.05 billion yuan, a year-on-year decrease of 8.81% [6] Market Activity - The stock has seen a net outflow of 95.72 million yuan today, with a lack of clear trends in major funds [3] - The average trading cost of the stock is 51.41 yuan, with the current price near a resistance level of 58.25 yuan [5]

Core Points - The Fuzhou Financial Regulatory Bureau approved the change of business locations for China Ping An Property & Casualty Insurance Company [1] Group 1 - China Ping An Property & Casualty Insurance Company’s Jinxi branch will relocate to No. 63A, 1st Floor, Building 1, Auto Expo City, Xiangdu Avenue, Jinxi County, Fuzhou City, Jiangxi Province [1] - The marketing service department in Lichuan will move to Shops 107-108, Guoan No. 1 Building, Jingchuan Avenue, New District, Lichuan County, Fuzhou City, Jiangxi Province [1] - The company is required to handle the change and obtain new permits in accordance with relevant regulations [1]

Core Points - The Yunnan Chuxiong Financial Regulatory Bureau approved the request for the change of business location for China Ping An Property & Casualty Insurance Co., Ltd. Shuangbai Branch [1] - The new business location is specified as Room 04, 1st and 2nd floors, Building 2, Xinhao Wenyuan Community, Wenchang Road, Tuodian Town, Shuangbai County, Chuxiong Yi Autonomous Prefecture, Yunnan Province [1] - China Ping An Property & Casualty Insurance Co., Ltd. is required to handle the change and license renewal in accordance with relevant regulations [1]